W/Bank Okays Nigeria’s $3bn Power Sector Loan   The Federal Government on Sunday said it had opened discussions with the United Kingdom on the possibility of raising “Jollof Bond’ to finance the national budget. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, also said...

Group Faults Sylva On $62bn Revenue   The Accountable Leadership for Better Nigeria Initiative on Sunday condemned statements made by the Minister of State for Petroleum Resources, Timipre Sylva, on why the Federal Government would not be able to recover $62bn from international oil companies. In his...

UNIDO To Invest $60m In Agric, Others   The United Nations Industrial Development Organisation is to invest $60m in about nine sectors in Nigeria. A statement issued in Abuja on Thursday by the Federal Ministry of Works and Housing stated that a delegation from UNIDO revealed this...

FMDQ Records N179trn Turnover In 8 Months   FMDQ OTC Securities Exchange recorded a turnover of N179trn in eight months. Data obtained from the FMDQ on Thursday showed that the exchange recorded N15.08tn turnover in January, N19.18tn in February, and N28.98tn in March. In April, May and June,...

GTBank Records N324bn Revenue, N147bn Profit In 9 Months   Guaranty Trust Bank Plc (GTBank) Wednesday released its unaudited financial results for the nine months ended September 30, 2019, showing gross earnings of N324.262 billion. This was down three per cent from N334.711 billion in the...

Discos Map Out N935bn Investment Plans Power distribution companies are set to invest N935bn in their networks as calls for the recapitalisation of Discos heighten. A total of N935bn is to be invested in power distribution networks across the country by electricity distributors following persistent calls...